HomeMy WebLinkAbout139 - 11/21/1989 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN VARIOUS CITY FUNDS AND AUTHORIZING TH ORDINANCE NO. 139, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE
IN VARIOUS CITY FUNDS AND AUTHORIZING THE TRANSFER OF
APPROPRIATED AMOUNTS BETWEEN FUNDS
WHEREAS, Article V, Section 8 of the Charter of the City of Fort
Collins, hereinafter "the Charter", authorizes the City Council to provide
by ordinance for payment of any expense from prior year reserves at any
time such reserves are available; and
WHEREAS, Article V, Section 15 of the Charter authorizes the City
Council , after the expiration of eight (8) months of the budget year, to
appropriate by ordinance any actual revenue realized in excess of budget
estimates upon recommendation of the City Manager; and
WHEREAS, Article V, Section 15 of the Charter authorizes the City
Council to appropriate by ordinance unanticipated revenue received as a
result of rate or fee increases or new revenue sources at any time during
the year; and
WHEREAS, Article V, Section 15 of the Charter also authorizes the
City Council to transfer by ordinance any unexpended appropriated amounts
or portion thereof from one fund to another upon the recommendation of the
City Manager, provided that the purpose for the initial expenditure of said
funds no longer exists; and
WHEREAS, the City has prior year reserves, excess revenue, and
unanticipated revenue available to appropriate; and
WHEREAS, the City wishes to provide for the expenditures listed
below.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following funds are hereby authorized for transfer and
appropriated for expenditure:
A. General Fund
1 . From: Prior Year Undesignated Reserve-1988 $35,000
For: Transfer to Cemetery Fund $35,000
2. From: Unanticipated Revenue $27,502
Restricted Reserves 4,342
For: Police Services $31,844
3. From: Unanticipated Revenue $131,911
For: Transfer to Sales & Use Tax Fund $131,911
4. From: Unanticipated Revenue $20,000
For: Library Programs $20,000
5. From: Unanticipated Revenue $30,000
For: 1989-1990 Better Air Campaign $30,000
6. From: Unanticipated Revenue $33,238
For: Training Expenses $33,238
7. From: Unanticipated Revenue $4,215
For: Lee Martinez Farm $4,215
8. From: Unanticipated Revenue $1,500
For: Lee Martinez Farm $1,500
B. Sales & Use Tax Fund
1 . From: Unanticipated Revenue $2,923,586
For: Transfer to General Fund $2,797,035
Transfer to 0.25 Cent Necessary 93,668
Transfer to 0.25 Cent Street Capital 30,253
Transfer to Transportation-Streets 2,630
2. From: Prior Year Reserves EPIC $130,000
For: Transfer to Debt Service Fund $130,000
3. From: Prior Year A-B Reserve $2,594,101
For: Transfer to Wastewater Fund $2,594,101
C. Golf Fund
1 . From: Prior Year Reserves $ 4,247
For: Electric Utility Costs $ 4,247
D. Benefits Fund
1 . From: Unanticipated Revenue $55,683
For: Cafeteria Programs $53,576
Wellness Programs 2,107
E. Communications Fund
1 . From: Unanticipated Revenue $10,000
For: Northstar Phone System $10,000
F. Energy Fund
1 . From: Year End Reserve Balance $70,000
For: Transfer to General Fund $70,000
2. From: Year End Reserve Balance $197,291
For: Transfer to General Fund $130,212
Transfer to Equipment Fund 15,783
Transfer to Poudre Fire Authority 11,837
Transfer to Light & Power Fund 15,783
Transfer to Water Fund 5,919
Transfer to Wastewater Fund 1,973
Transfer to Golf Fund 7,892
Transfer to Transportation 7,892
G. Equipment Fund
1 . From: Unanticipated Revenue $50,000
Prior Year Reserves $ 8,299
For: Unanticipated Department Expenses 58,299
H. Self Insurance Fund
1 . From: Current Year Revenue $750,000
Unanticipated Revenue 375,485
For: Claim Reserve $750,000
Loss Fund 375,485
2. From: Existing Appropriations $11,705
For: Transfer to General Fund $ 8, 178
Transfer to Golf Fund 758
Transfer to Cultural Services 2,769
I . Community Development Block Grant Fund
1 . From: HUD Rental Rehab. Grant $166,000
For: CDBG - Rental Rehabilitation Program $166,000
J. Downtown Development Authority (DDA)
1 . From: Current Year Revenue (Interest Earnings) $257,137
Prior Year Reserves 11,843
For: Transfer to DDA Debt Service Fund $268,980
From: Prior Year Reserves $156,020
For: Transfer to DDA Operations Fund $156,020
K. Transportation Service Fund - Streets Division
1 . From: Prior Year Reserves $150,000
For: Streets/Snow Removal $100,000
Streets/Work for Others 50,000
2. From: Prior Year Reserves $ 1,166
For: Streets/Snow Removal $ 1, 166
L. Cultural Services & Facilities Fund
1 . From: Fort Collins Foundation Donation $8,279
For: Lincoln Center Expenditures $8,279
2. From: Unanticipated Revenue $10,000
For: Lincoln Center Expenditures $10,000
3. From: Cultural Development & Programming Grant $2,000
For: Museum Operating Expenditures $2,000
M. Employees Pension Fund
1 . From: Prior Year Reserves $44,130
For: Benefit Payments $44,130
N. Debt Service Fund
1 . From: Transfer from Sales & Use Tax $130,000
For: EPIC Interest Payment $130,000
0. Natural Resource Recovery Grant
1 . From: Unanticipated Revenue $ 338
For: Natural Resource Recovery Grant $ 338
P. SouthRidge Greens Fund
1 . From: Unanticipated Revenue $134,852
For: Transfer to Debt Service Fund $134,852
Introduced, considered favorably on first reading, and ordered
published this 7th day of November, A.D. 1989, and to be presented for
final passage on the 21st day of November, A.D. 89.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of November, A.D.
1989.
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Mayor
ATTEST:
City Clerk